Nonunitized Separate Account Sample Clauses
The Nonunitized Separate Account clause defines an investment account maintained by an insurance company that is segregated from its general assets but is not divided into individual units for each investor. In practice, this means that all assets in the account are pooled together, and policyholders' interests are tracked as a share of the overall account rather than as specific units. This structure allows for collective investment management while still keeping the assets separate from the insurer's general funds, thereby protecting policyholder interests and ensuring that the account's performance is not directly affected by the insurer's other business activities.
Nonunitized Separate Account. The Nonunitized Separate Account is established under Title 38a, Section 38a-433 of the Connecticut General Statutes. There are no discrete units for this account. We own the assets held in the Nonunitized Separate Account; we are not a trustee of those assets. The Contract Holder or Participant does not participate in the investment gain or loss from assets held in the Nonunitized Separate Account. We assume any such gain or loss. Income, gains or losses, realized or unre▇▇▇▇▇▇, are credited to or charged against the Nonunitized Separate Account without regard to our other income, gains or losses. Nonunitized Separate Account assets, to the extent of reserves and other Contract liabilities, cannot be charged with liabilities arising out of any other business we conduct.
Nonunitized Separate Account. An account set up by the Company under Section 38a-433 of the Connecticut General Statutes, that holds assets allocated to GAA. There are no discrete units for this account. The Contract Holder does not participate in the investment gain or loss from assets held in the Nonunitized Separate Account. Such gain or loss is borne entirely by the Company. The assets of the Nonunitized Separate Account, to the extent of reserves and other contract liabilities, may not be charged with other Company liabilities.
Nonunitized Separate Account. The Nonunitized Separate Account is established under Title 38a, Section 38a-433 of the Connecticut General Statutes. There are no discrete units for this account. We own the assets held in the Nonunitized Separate Account; we are not a trustee of those assets. Income, gains or losses, realized or unrealized, are credited to or charged against the Nonunitized Separate Account without regard to our other income, gains or losses. Nonunitized Separate Account assets, to the extent of reserves and other Contract liabilities, cannot be charged with liabilities arising out of any other business we conduct.
Nonunitized Separate Account. A separate account set up by the Company under Title 38, Section 38a-433 of the Connecticut General Statutes that holds assets for GA Account Guaranteed Terms of more than three years and, on and after September 1, 1998, amounts allocated or transferred to Guaranteed Terms of three years or less. There are no discrete units for this Account. The Contract Holder or Participant, as applicable, does not participate in the investment gain or loss from the assets held in the Nonunitized Separate Account. Such gain or loss is borne entirely by the Company. The assets of the Nonunitized Separate Account, to the extent of reserves and other contract liabilities, may not be charged with other Company liabilities. GC403-IB(XC/SM)-22 [7]
Nonunitized Separate Account. 16 1.31 Participant: . . . . . . . . . . . . . . . . . . 16 1.32 Plan: . . . . . . . . . . . . . . . . . . . . . . 16 1.33 Reinvestment: . . . . . . . . . . . . . . . . . . 16 1.34
Nonunitized Separate Account. The Nonunitized Separate Account is established under Title 38a, Section 38a-433 of the Connecticut General Statutes. There are no discrete units for this account. We own the assets held in the Nonunitized Separate Account; we are not a trustee of those assets. The Contract Holder or Participant does not participate in the investment gain or loss from assets held in the Nonunitized Separate Account. Such gain or loss is borne entirely by us. Income, gains or losses, realized or unrealized, are credited to or charged against the Nonunitized Separate Account without regard to our other income, gains or losses. Nonunitized Separate Account assets, to the extent of reserves and other Contract liabilities, cannot be charged with liabilities arising out of any other business we conduct. G-CDA(12/99)(TX-GE) 11